LOGO
LOGO

Corporate News

EVgo Stock Jumps 37% On Strong Revenue Growth And Narrower Loss

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

EVgo, Inc. (EVGO) shares surged 36.67 percent to $3.79 during Tuesday's trading after the company reported first-quarter revenue of $75.3 million, up from $55.2 million a year earlier. The net loss narrowed to $26.2 million from $28.2 million in the prior-year quarter, signaling improved financial performance.

The stock opened at $3.10 and has traded between $3.08 and $3.93 today on the Nasdaq. It previously closed at $2.77. Over the past 52 weeks, EVgo shares have ranged from $1.73 to $9.07. Trading volume soared to 14.56 million, well above the daily average of 3.63 million.

For comments and feedback contact: editorial@rttnews.com

Business News

Looking to Invest in the Best Biotech Stocks? Subscribe to RTT Biotech Investor.
Global Economics Weekly Update -June 15 - June 19, 2026

June 19, 2026 16:46 ET
Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.